Thousands Of Customers Run The Risk Of Losing Personal Data Due To Fake Bank Apps: Report

Thousands Of Customers Run The Risk Of Losing Personal Data Due To Fake Bank Apps: Report

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Customers of at least seven banks are likely to have lost data from their mobile phones from fake apps of banks such as SBI, ICICI Bank, Axis Bank, Indian Overseas Bank, Bank of Baroda, Yes Bank and Citi Bank, reported The News Minute. This was revealed in a report by an IT security firm Sophos Lab said that these fake apps, available on Google Play, may have stolen data and credit card details of thousands of customers. By offering some freebies, customers may have been tempted to install these apps as they have the logos of the original banks which make it difficult to differentiate between the original and fake ones.

The Banks’ reactions

Many of the banks claimed that they were not aware of any such apps existing. Only a few of them said that they would be conducting an investigation. The nodal agency, CERT, has also been kept in the loop by the banks. CERT investigates computer security incidents and may do the same in this case as well.

Although State Bank of India has not yet responded in any way, Yes Bank has claimed to have handed over the case to its cyber fraud department. ICICI Bank and Axis Bank were also not available for immediate comments, The Economic Times reported.

‘Too good to be true’

Reports by Sophos lab say that some of these apps were providing services that were ‘too good to be true’, enabling customers to withdraw cash from the ATM and having it delivered to their doorstep. Malware carried by these apps were capable of stealing important information like credit card details stored in one’s mobile phone.

For a long time now, cybersecurity experts have been worrying about the grave issue of rogue apps being the part of the Android Play Store. Certain steps taken by Google recently will ensure that app developers do not easily be granted permission like they earlier were, but it will probably still take a long time to completely stop scamsters from finding their way into the Android Play Store.

The Logical Indian urges banks to come up with their own plans to stop this menace, and customers to be careful before blindly trusting any app on the Android Play Store.

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This Diwali Let Us Rebuild Schools To Secure A Better Future For The Country

We all have memories attached to our schools. Yes, obviously we do, otherwise, why would we be all excited for our school’s 10-year reunion? Because reunions are the time when we get to relive those juvenile memories and cherish the good old days.

The times we shared the same bench with our best friend and played tic tac toe on the desk. The times we took toilet breaks in the middle of a class only to secretly loiter around the corridors. The brilliant lunches we shared with our friends on the school playground during recess. Reminiscing over these memories warms our hearts.

Did you know that at least 35 million children between the age group of 6-14 do not attend school in India? There have been several reports that girls drop out of school because of a lack of basic facilities such as toilets. These children are not only missing out on basic education, but they are also missing out on those wonderful memories.

In a bid to make early education accessible to all, HIL Limitedhas taken a wonderful initiative. HIL Limited believe in the fact that when we do things together, better things happen, standing by their philosophy of ‘Together We Build’. In the film, you can see a small child Kamli. The naive child makes a colorful paper lantern for Diwali and gifts it to her school, which is in shambles. She is eager to learn and her adamant heart still gives her the hope that the colourful lantern might make her broken school a little brighter. After her Diwali holidays, when she comes back to her school and finds it prettier her heart rejoices.

HIL Limited believes that education is the right step towards bringing young minds together and creating a feeling of togetherness. Their social initiative has helped 75,000 children like Kamli by rebuilding their schools.

Now, these children would not miss out on basic education. They will also get to make beautiful memories that they will cherish for a very long time. This would also make their future stronger and more reliable. If you know any such school that needs attention, then please write to[email protected].

The Logical Indian appreciates HIL Limited for the wonderful initiative they have taken to make the future of so many underprivileged children better. Children are the future of the country and we hope that by making their future secure, we are taking our country forward.